Change in the rates of Securities Transaction Tax (STT) with effect from June 1, 2013

Change in the rates of Securities Transaction Tax (STT) with effect from June 1, 2013

There will be changes in the rates of Securities Transaction Tax (STT) with effect from 1st day of June, 2013.

1. STT in case of Sale of Futures in F&O segment has been revised downward from 0.017% to 0.01% wef 1st of June 2013. No STT on purchase.

2. Likewise sale of a unit of an equity oriented fund, where the transaction is entered into on a recognised bourse, and the contract for the sale of such share is settled by the actual delivery or transfer of such share, STT has been revised downward from 0.1 per cent to 0.001 per cent wef 1st of June 2013. No STT on purchase.

STT rates for other segments will stay the same.

Also Read :  How returns from various asset classes are taxed?

Subscribe now to get latest updates!

One Comment

Leave a Reply